U.S. high yield
bond spreads neared recession levels in February, as prices declined and yields increased.
Not exact matches
Going back to our premium
spread chart we can see that the shiller PE to
Bond PE ratio is still
near record lows, despite earnings multiples being
near record highs.
Bottoms are more jagged, the way corporate
bond spreads are
near equity market bottoms.
In late October, the «
spread» in interest rates between high - yield
bonds and Treasury
bonds neared the lowest level in a decade, meaning that investors were getting less of a premium for assuming higher risk.2 A November survey found that 60 % of high - yield investors believed the
bonds were overvalued.3